Oil price, JOG, Reabold, Plexus, Egdon, Pantheon And finally…

Oil fell at the end of last week although most pointers were, and still are, upwards. Jersey Oil & Gas have spudded the Verbier appraisal well which hopefully add a great deal to the partners knowledge of the block. Reabold have also spudded, theirs is in California at Monroe Swell, a name like that just has to come in. If it does it will pay back very quickly. Plexus have won a contract and the shares were up 30%...Egdon gave an upbeat update, Springs Road might well be a lifeline...And Pantheon, having delivered bad news from Winx on Friday said it was all ok today...

Oil price, Sound, Eco Atlantic, Plexus, Pantheon, AAOG, AAA And finally…

Oil had a very good week, Brent particularly so, after realisation that production cuts were indeed real filtered through. Sound Energy confirm that TE-10 is indeed a discovery and have made an upward revision of net pay numbers after a report from ERCE. I met with Eco Atlantic last week and both Gil and Colin remain very upbeat ahead of the drilling in Guyana. A profit warning from Plexus this morning was down to lower margins and higher overheads whilst Anglo African Oil has got some money back from SNPC but would have preferred a higher stake in the licence. Finally a word on AAA who are getting involved in Comarco Ports in Mombasa...

Oil price, Eco Atlantic, Plexus And finally…

Inventory builds kept oil down yesterday as gasoline built and demand fell away after the driving season. Eco Atlantic have been approval to drill on PEL 30, the 'Cooper' block and hope to drill on the Osprey prospect late next year. Plexus have won an order from Gazprom for TRT mudline suspension systems, a good start in a huge market.

2018-09-27T11:31:31+01:0027 September 2018|Categories: Daily Blog|Tags: , |2 Comments
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